PENSION

Tata Steel also started a process to close the expensive British Pension Scheme replace it by defined contribution scheme, which will lower uncertainty in payouts. The new scheme will have a maximum contributions of 10% from the company and 6% from employees, the unions.

In a country of 125 crore people, there is an retired employee Chandrakant Kulkarni from Pune who has shown his devotion by donating almost a one-third of his pension from June 2015 to Sept 2019 towards the Swachh Bharat fund.

As enrolment for the unique identification number hits the one billion mark, Aadhaar is set to touch the lives of millions of people as the government plans to provide subsidies and entitlements through Aadhaar-linked accounts.